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Toho Acetylene (4093) · FactCost reduction as the impact of scheduled repairs disappears

Impact of Major Scheduled Maintenance at the Tagajo Plant on Profit in the Gas-Related Business

First written in FY2018-Q1. 4 of 17 entries say "Restated". Latest entry: FY2026.

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ProgressHeldSoftenedWorseOtherFY2018-Q1 – FY20262017: 220172018: 320182019: 220192020: 220202021: 120212022: 420222023: 220232024: 020242025: 020252026: 12026
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Earnings decline caused by periodic inspections of gas production facilitiesA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

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Full recordFilings, disclosures and news, newest first
  1. FY2026Cost reduction as the impact of scheduled repairs disappearsAnnual report

    「The major scheduled repairs carried out at the Tagajo Plant in the previous year were not conducted this fiscal year, reducing the cost of sales and increasing gross profit.」

    The absence this fiscal year of the major scheduled repairs carried out in the previous year reduced the cost of sales, contributing to higher gross profit in the gas-related business.
  2. FY2023RestatedAnnual report

    「In terms of profit, although the major scheduled repairs at the Tagajo Plant carried out in the previous year were not conducted, manufacturing costs increased sharply due to higher electricity charges, and higher procurement costs for hydrogen also squeezed earnings. However, operating profit increased due to price revisions for various high-pressure gases and a substantial increase in shipments of food-grade gas, among other factors.」

    The major scheduled repairs carried out in the previous year were not conducted this fiscal year, and operating profit in the gas-related business increased due to price revisions and higher shipments of food-grade gas despite rising costs.
  3. FY2023-Q3RestatedAnnual report

    「In terms of profit, manufacturing costs increased because of a substantial rise in electricity charges, and procurement costs for hydrogen also increased. However, operating profit increased because shipments of food gases rose substantially and the large-scale scheduled maintenance at the Tagajo Plant carried out in the previous year was not repeated, among other factors.」

    The major scheduled repairs at the Tagajo Plant carried out in the previous year were not conducted this quarter, and the increase in operating profit in the gas-related business continued due to higher shipments of food-grade gas and other factors despite rising costs.
  4. FY2023-Q2RestatedAnnual report

    「On the profit side, overall manufacturing costs increased owing to higher electricity charges, and procurement costs for hydrogen also rose. However, operating income increased owing to a substantial rise in shipments of food-grade gases, price increases for various high-pressure gases, and the absence of the large-scale scheduled repairs at the Tagajo Plant carried out in the previous year, among other factors.」

    The major scheduled repairs at the Tagajo Plant carried out in the previous year were not conducted this quarter, and operating profit in the gas-related business increased through price increases and other measures despite rising costs.
  5. FY2023-Q1Profit increased with no impact from scheduled repairsAnnual report

    「On the profit side, operating income increased owing to revisions to selling prices in response to higher procurement costs, as well as the absence of the large-scale scheduled repairs at the Tagajo Plant carried out in the same quarter of the previous year.」

    With no major scheduled repairs at the Tagajo Plant, unlike in the same period of the previous year, and with selling prices revised amid rising procurement costs, operating profit in the gas-related business increased 108.3% year on year.
  6. FY2022Industrial LP gas demand supported profit during scheduled repairsAnnual report

    「Although the major scheduled repairs at the Tagajo Plant were carried out and selling, general and administrative expenses, including transportation costs, increased, operating profit increased due to higher sales volumes of liquefied petroleum gas to industrial customers.」

    The major scheduled repairs and higher expenses, including transportation costs, weighed on profit, but operating profit in the gas-related business increased due to higher sales volumes of industrial LP gas.
  7. FY2022-Q3Profit declined due to higher transportation costs and other expenses in addition to scheduled repairsAnnual report

    「In terms of profit, operating profit decreased due to the major scheduled repairs at the Tagajo Plant and higher selling, general and administrative expenses, including transportation costs.」

    The major scheduled repairs at the Tagajo Plant continued to weigh on profit, while higher selling, general and administrative expenses, including transportation costs, were also identified this time as a factor behind the decline in profit.
  8. FY2022-Q1Profit declined due to major scheduled repairsAnnual report

    「In terms of profit, operating profit decreased due to the major scheduled repairs at the Tagajo Plant and higher selling, general and administrative expenses.」

    The major scheduled repairs at the Tagajo Plant, which had not been carried out in the same period of the previous year, weighed on operating profit in the gas-related business together with higher selling, general and administrative expenses.
  9. FY2020Profit increased as operating efficiency was maintainedAnnual report

    「Operating profit increased as operating conditions at the Company's Tagajo Plant for separate gases were maintained efficiently, while the continuing decline in import prices for liquefied petroleum gas reduced costs.」

    Whereas the previous fiscal year's disclosure cited the negative impact on profit from major scheduled repairs, efficient operations at the Tagajo Plant are identified as a factor behind the increase in profit from the gas-related business this fiscal year.
  10. FY2020-Q3RestatedAnnual report

    「In terms of profit, cost of sales decreased because import prices for liquefied petroleum gas declined, and operating profit increased.」

    Even after the impact of the major scheduled repairs at the Tagajo Plant in the previous year had faded, lower costs resulting from declining import prices for liquefied petroleum gas continued to drive higher operating profit in the gas-related business.
  11. FY2020-Q2Operating profit turned upward as import prices declinedAnnual report

    「In terms of profit, selling, general and administrative expenses increased, but cost of sales decreased as a result of lower import prices for liquefied petroleum gas, and operating profit increased.」

    After profit had been weighed down through the previous year by elevated import prices and higher selling expenses, lower import prices reduced the cost of sales in the second quarter, contributing to a 1.1% year-on-year increase in operating profit in the gas-related business.
  12. FY2019-Q3Profit declined due to higher costs and selling expenses even after the impact of scheduled repairs disappearedAnnual report

    「In terms of profit, general high-pressure gases increased because the large-scale scheduled maintenance at the Tagajo Plant carried out in the previous year was not repeated, among other factors. Although import prices for liquefied petroleum gas were trending lower, the business was affected by higher costs resulting from prices remaining elevated through the second quarter, and operating profit decreased because selling expenses increased.」

    Profit from general high-pressure gas increased as there was no impact from the major scheduled repairs at the Tagajo Plant carried out in the same quarter of the previous year. However, the gas-related business reported lower sales and profit due to higher costs for liquefied petroleum gas and increased selling expenses.
  13. FY2019-Q2Profit declined due to higher costs and selling expenses even after the impact of scheduled repairs disappearedAnnual report

    「In terms of profit, general high-pressure gases increased because the large-scale scheduled maintenance at the Tagajo Plant carried out in the previous year was not repeated, among other factors. However, liquefied petroleum gas was affected by higher costs resulting from persistently elevated import prices, and operating profit decreased because selling expenses increased.」

    Profit from general high-pressure gas increased as there was no impact from the major scheduled repairs in the same quarter of the previous year. However, operating profit for the gas-related business as a whole decreased 0.7% year on year due to higher costs for liquefied petroleum gas and increased selling expenses.
  14. FY2019-Q1Profit increased as the impact of major scheduled repairs disappearedAnnual report

    「Liquefied petroleum gas was affected by higher costs resulting from persistently elevated import prices. However, operating profit increased because the large-scale scheduled maintenance at the Tagajo Plant carried out in the previous year was not repeated, among other factors.」

    The major scheduled repairs at the Tagajo Plant, which reduced profit from the gas-related business in the same quarter of the previous year, were not carried out this quarter, and operating profit increased 9.1% year on year despite the impact of higher costs.
  15. FY2018-Q3The decline in profit narrowed, but the impact of scheduled repairs and higher selling expenses continuedAnnual report

    「As a result, sales in this segment amounted to ¥13.904 billion, an increase of ¥1.099 billion, or 8.6%, from the same quarter of the previous year. However, operating profit decreased by ¥148 million, or 10.9%, to ¥1.214 billion, due to the major scheduled repairs at the Tagajo Plant and higher selling expenses.」

    The major scheduled repairs at the Tagajo Plant and higher selling expenses remained factors behind the decline in profit. However, the year-on-year decline in operating profit narrowed from 18.1% for the cumulative second-quarter period to 10.9%.
  16. FY2018-Q2Higher selling expenses compounded the continuing impact of scheduled repairs on profitAnnual report

    「As a result, sales in this segment amounted to ¥8.498 billion, an increase of ¥466 million, or 5.8%, from the same quarter of the previous year. However, operating profit decreased by ¥150 million, or 18.1%, to ¥680 million, due to the major scheduled repairs at the Tagajo Plant and higher selling expenses.」

    The major scheduled repairs at the Tagajo Plant continued to weigh on profit from the gas-related business, while higher selling expenses also became a factor behind the decline in profit this quarter.
  17. FY2018-Q1First statedAnnual report

    「As a result, sales in this segment amounted to ¥4.398 billion, an increase of ¥311 million, or 7.6%, from the same quarter of the previous year. However, operating profit decreased by ¥96 million, or 21.9%, to ¥345 million, due mainly to the major scheduled repairs carried out at the Tagajo Plant.」

    The major scheduled repairs at the Tagajo Plant are identified for the first time in this quarter's filing as a factor behind the decline in operating profit in the gas-related business.
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